Hong Kong SAR, China: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Hong Kong SAR, China

The Hong Kong paper and paperboard market declined to $X in 2022, dropping by -1.7% against the previous year. In general, consumption saw a strong increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Paper And Paperboard Production in Hong Kong SAR, China

In value terms, paper and paperboard production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.5% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 67% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Paper And Paperboard Exports

Exports from Hong Kong SAR, China

In 2022, the amount of paper and paperboard (creped, crinkled, embossed or perforated) exported from Hong Kong SAR fell significantly to X tons, which is down by -75.3% on the previous year. Over the period under review, exports faced a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 29%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, paper and paperboard exports fell dramatically to $X in 2022. In general, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for paper and paperboard exports from Hong Kong SAR, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -16.7%.

In value terms, China ($X) also remains the key foreign market for paper and paperboard (creped, crinkled, embossed or perforated) exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China totaled -18.4%.

Export Prices by Country

In 2022, the average paper and paperboard export price amounted to $X per ton, jumping by 20% against the previous year. In general, the export price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.1% per year.

Paper And Paperboard Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of paper and paperboard (creped, crinkled, embossed or perforated) were imported into Hong Kong SAR; which is down by -58.2% on 2021 figures. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 86%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, paper and paperboard imports dropped notably to $X in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) constituted the largest paper and paperboard supplier to Hong Kong SAR, accounting for a 66% share of total imports. Moreover, paper and paperboard imports from South Korea exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.6% per year) and China (-11.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of paper and paperboard (creped, crinkled, embossed or perforated) to Hong Kong SAR, comprising 73% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-10.1% per year) and China (-8.1% per year).

Import Prices by Country

In 2022, the average paper and paperboard import price amounted to $X per ton, increasing by 3% against the previous year. Overall, the import price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2019 an increase of 4.6%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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